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If not Buhari, Nigeria would have collapsed – Odigie-Oyegun

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National Chairman of the All Progressives Congress (APC), John Odigie-Oyegun, has stated that had President Muhammadu Buhari not put in place various diversification efforts upon his assuming office in 2015, Nigeria would have collapsed.

He said the present administration was building a new economic model which will be sustainable, production-based and will diversify from oil to agriculture, solid minerals and other viable sectors.

Odigie-Oyegun said this at the APC National Secretariat in Abuja when he received political leaders from Delta Central Senatorial district, who defected from the Peoples Democratic Party (PDP) to the APC.

The decampees were led by Johnson Boro, former Commissioner in the Delta State Oil Producing Area Development Commission (DESOPADEC).

Other decampees are: Immediate-past PDP Chairman, Ughelli South LGA, Francis Aguonigho; Sleek Oshare; Isaiah Kekeje; Mathew Kwode; Robert Ojo; Sunny Ogbududu; David Edonor; Comrade Saturday Nukueye and Charles Otaiye.

The APC National Chairman stated that with the globally decrease in the demand for oil, Nigeria’s economic mainstay, the need to diversify the Nigerian economy has become increasingly imperative.

He added that the efforts of the Buhari administration will be evident in a few years as the country will be counted as one of the industrial power houses in Africa.

Odigie-Oyegun said: “Economically, things are difficult, there is no question about it. But in spite of that people of your quality sat down and still want to join the boat, because you have seen the future and you know the future belong to a changed country. A country that produces, not only consumes.

“In the last sixteen years of previous administrations, we just consumed. Thank God this nation brought President Buhari at the point it was about to collapse and all we are doing today is putting the pieces back together again. It is a difficult experience and as a result of that our people are going through some hardship. But there is no question at all, that you can see the silver lining that is on the way.

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“By the end of this year, we will be net exporters of rice, today we have started to export formally yam. Today we are about certain that all the grains in this country can be produce locally. These are all part of the building blocks towards the Nigeria that we foresee in another year or two. So, tremendous is progress is being made to reverse the road at which we were travelling, to build a new economy, an economy based on what we can produce. An economy based on agriculture, based on our solid minerals.

“It is clear today that oil is gone. Britain has declared that in 40 years vehicles that consume fossil fuel will be phased out. The United States of America and other countries of Europe have made similar declarations. So it is fortunate that President Buhari is today in office taking us painfully through the process of change such that this nation will be counted in another few years as one of the industrial power houses of the African continent.”.

While welcoming the new entrants to the APC, Odigie-Oyegun said one of the resolutions of the Party’s National Leadership was to bring the South-South back into the mainstream of Nigerian politics. The APC National Chairman described the zone as one of the “strongest pillar for unity” in the country.

“I cannot resist but speak like somebody from the South-South on this very special occasion even though I belong to the nation as APC National Chairman.

“The point about us is that we are not tribal. The South-South is perhaps the strongest pillar for unity in this nation. The reality about the South-South is because we believe in the unity and oneness of this nation so strongly, we are ready to work with anybody who stands for one nation and one Nigeria.

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“Today, two years now we have a new regime of change. Unfortunately to a large extent, we missed the boat. We have only one state in the entire South-South, Edo State. It is our resolve here at national headquarters to bring the South-South back into the mainstream of Nigerian politics. Because at the greatest point of danger for this country, it was the South-Southerners that stood firm at risk to themselves, at risk to their lives that this nation must remain one,” the APC national Chairman said.

He said with the new entrants from Delta Central, another solid block had been added to the APC’s aspiration to bring Delta State and indeed the South-South into the Progressives fold.

“I know how crucial central is in Delta state and with your entry into the Party, we have firmed up the central and can project from there to take Delta State and eventually take the entire South-South. Today we are adding one more solid block towards the unity, development and great of this country.

“I am aware there are scores of you, but because the ceremony is taking place at the National Secretariat, we had to limit the number of persons who could come, I know that at the appropriate time we will have a great big unity rally in Delta state where all those who have joined us in the recent past will be formally received and where we will also formally launch the movement for the recovery of Delta state,” the APC National Chairman said.

Speaking earlier, the APC National Vice Chairman (South-South), Prince Hilliard Eta said the defection of the PDP leaders from Delta Central to the APC was testimony of the paradigm shift being witnessed in the South-South.

Eta: “As you are aware, the other Party hitherto was in domination of our zone but because of the good work of this government, because of the leadership of this Party, there has been a paradigm shift. Our people are moving from the other party to the progressive family to actualise the development of the South-South, the Niger Delta and indeed Nigeria. It is in that line that we have distinguished sons of Delta State who have come to add value to our Party in Delta state, in the South-South region and in Nigeria.”

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Chief Johnson Boro who led the decampees thanked the APC leadership, particularly the National Chairman for the reception. “We are extremely delighted with the reception you have accorded us today. We now believe that we are coming to a home where we will be accepted.“ He said.

Other APC National Working Committee (NWC) members at the meeting included: National Secretary, Hon. Mai Mala Buni; Deputy National Chairman (North), Sen. Lawal Shuaibu; Deputy National Chairman (South), Engr, Segun Oni and Deputy National Secretary, Hon. Tombari Giadom.

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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